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FIBA on Tuesday concluded its visit to Venezuela with the draw for the FIBA Olympic Qualifying Tournament, to be held in Caracas from 2-8 July 2012.

12 teams will be playing for the last three spots in the Olympic Basketball Tournament, were divided into four groups of three teams.

Group A:Greece, Jordan, Puerto Rico – The loser of Greece/Puerto Rico could see Lithuania in the Quarters.

Group B:Lithuania, Nigeria, Venezuela – Lithuania is the favorite but the home team will come to play.

Group C:Dominican Republic, Korea, Russia – Wouldn’t surprise me to see two from this group advance into semi’s. DR roster littered with NBA players.

Group D:Angola, F.Y.R. of Macedonia, New Zealand – The weakest pool in my view.

Each of the 12 teams play the two other teams in their respective groups in a standard round robin format (12 games in total). The top two teams in each group progress to the Quarter-Finals as follows:

The two winning semifinalists automatically qualify for the Olympic tournament, while the two losing semifinalists face-off for 12th and final Olympic spot in a winner goes to London, loser goes home match-up.

I’m going to predict Lithuania, Greece, and Dominican (as my sneaky dark horse) to advance to the Olympics. Who are your selections?